Management Theory and Studies for Rural Business and Infrastructure Development, Volume 7

Management and legal aspects of individual enterprises

Dalia Perkumienė, Asta Raupelienė, Laura Lazarevaitė

Abstract

Individual enterprises form the majority of the subjects of commercial law in every country.
Until now, operation of individual enterprises established in Lithuania was regulated by various
separate laws which caused much inconvenience. As the result, the Law of the Republic of
Lithuania on Individual Enterprises entered into force on January 1st, 2004.
This article aims to present outstanding peculiarities of the individual enterprise as a legal
entity which could be considered as certain advantages and disadvantages. The article considers
the individual enterprise before and after the entry into force of the Law of the Republic of Lithuania
on Individual Enterprises.

Keyword(s): individual enterprise, establishment of enterprise, legal entity


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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355

This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.